LATCHAM DIRECT LIMITED

🌳Matureactive

06695717 · ltd · incorporated 2008-09-11

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£3.18M

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 18129

Sector: Manufacturing

ALSO REGISTERED FOR

63110Data processing, hosting and related activities

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 7 lenders · oldest 16.4y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 16.4 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

12 officers (5 active, 12 linked, 10 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

79 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £3,182,082

Cash YoY

+110%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£2.3m

↑ 110% YoY

Net Worth

£3.2m

↑ 25% YoY

Current Assets

£5.1m

↑ 5.5% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£4.85M	£4.67M
Current assets	£5.11M	£4.85M
Cash	£2.33M	£1.11M
Debtors	£2.56M	£3.52M
Net assets	£3.18M	£2.54M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2026-03-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-19
➕
SKIRTON, Mark Ivan appointed
director
2025-09-30
📄
accounts-with-accounts-type-medium
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-17
📄
resolution
resolution · RESOLUTIONS
2024-04-12
📄
capital-allotment-shares
capital · SH01
2023-11-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-23
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-18
➖
GORE (DECEASED), William Hornby resigned
director
2023-09-28
📄
accounts-with-accounts-type-full
accounts · AA
2023-03-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-02-17
➖
BATCHELOR, Peter Charles resigned
secretary
2022-10-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-10-04
➖
MORGAN, Steven Christopher resigned
director
2022-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2022-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2022-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2022-05-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-21
➖
KEEN, Leslie Donald resigned
director
2021-12-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-27
📄
accounts-with-accounts-type-full
accounts · AA
2020-12-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-26
📄
accounts-with-accounts-type-full
accounts · AA
2020-09-01
➕
TAPPARO, Peter, Giovanni appointed
director
2020-09-01
➕
KEEN, Leslie Donald appointed
director
2020-08-27
➖
GIBBS, Kenneth Philip resigned
director
2018-02-13
🔒
Charge registered #8
Lender: Lloyds Bank PLC
2018-02-13
🔒
Charge registered #7
Lender: Michael Hughes
2018-02-13
🔒
Charge registered #6
Lender: Lloyds Bank PLC
2015-09-14
➖
PEMBROKE, Kevin Richard Yarborough resigned
director
2015-04-02
➕
MATTINSON, Colin Robert appointed
director
2015-04-02
➕
GIBBS, Kenneth Philip appointed
director
2015-01-05
➕
HUGHES, Susan Jayne appointed
director
2015-01-05
➕
GORE (DECEASED), William Hornby appointed
director
2014-09-30
➕
MORGAN, Steven Christopher appointed
director
2014-09-30
➕
PEMBROKE, Kevin Richard Yarborough appointed
director
2012-10-02
🔒
Charge registered #5
Lender: Hengrove Property LLP
2012-06-07
🔒
Charge registered #4
Lender: Lloyds Tsb Bank PLC
2011-10-26
🔓
Charge satisfied #1
2011-08-25
🔒
Charge registered #3
Lender: Lloyds Tsb Commercial Finance Limited
2011-08-04
🔓
Charge satisfied #2
2011-03-31
➕
BATCHELOR, Peter Charles appointed
secretary
2011-03-30
➖
HUGHES, Susan Jayne resigned
secretary
2009-12-21
🔒
Charge registered #2
Lender: Michael John Hughes
2009-12-21
🔒
Charge registered #1
Lender: Bibby Financial Services Limited (As Security Trustee)
2008-09-11
🏢
Company incorporated
As LATCHAM DIRECT LIMITED
2008-09-11
➕
HUGHES, Michael John appointed
director
2008-09-11
➕
HUGHES, Susan Jayne appointed
secretary

Owner dependency

66/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 18 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Susan Jayne Hughes Individual · British · DOB 08/1963 · age 63	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016
Mr Michael John Hughes Individual · British · DOB 04/1968 · age 58	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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A.J. GEORGE REFRIGERATION AND AIR CONDITIONING LIMITED→ 02503428 · est 1990 · no financials extracted	—	—	—	—	35y	—	—
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ADHESIVE DESIGN LIMITED→ 07202910 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
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ADROITPRINT LIMITED→ 13494377 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ADVANCED DIAMONDX LTD→ 11142203 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
ADVANCED INDUSTRIAL SUPPLIES INC LTD→ 13774780 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ADVANTIS CONTROL SOLUTIONS LIMITED→ 08214691 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
AEM GROUP (BRISTOL) LTD→ 08185548 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
AEROPROP (SOUTH WEST) LIMITED→ 11584604 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
AEROSPIKE GAMES LTD→ 16582619 · est 2025 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusactive

Typeltd

Incorporated2008-09-11

Jurisdictionengland-wales

Primary SIC18129 — SIC 18129

Registered office

Unit 1 Western Drive

Hengrove

Bristol

BS14 0AF

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-20

Last: 2026-05-06